Do you mean, that lady wanted to keep her job even if her company was going bankrupt?
That doesn't make any sense, really.
I hope I don't have to explain why, but I will if you need me to.:yes:

The corp wasn't going bankrupt until Bain bought it and stripped it.
It was doing quite well before Bain.

Nov. 4, 2012, 12:35 PM

Bluey

Quote:

Originally Posted by pezk

The corp wasn't going bankrupt until Bain bought it and stripped it.
It was doing quite well before Bain.

One of the initial corporate raiders, those businessmen that bought companies that were for sale because they were not performing that well and they could see how to change that, was a local fellow.

I will tell you, after following his and so many others buying and reorganizing and selling all kinds of companies, sorry, whatever company is for sale out there is for sale and being bought at a certain price and with some conditions because someone thinks they can do better managing it.
I very much doubt that company was doing as well as that friend of yours think, if it was sold as it was.

Not only that, many times owners and officers of the companies that sell keep a working interest in them, that ought to tell you something.

It is always sad when people lose their jobs, any job, if it is the local mom and pop restaurant because the new highway changed the route, a product quit being competitive or a company reorganized.
That is the way the world works.

Nov. 4, 2012, 12:42 PM

hosspuller

Quote:

Originally Posted by LauraKY

We've had two business men as presidents. Hoover and Bush...that didn't turn out so well for us, did it?

Lawyers are better as president ?? Lawyers have a place... Just not as executives.

Nov. 4, 2012, 01:08 PM

LauraKY

Bluey, have you ever heard of a hostile takeover? Do you know what a leverage buyout firm (private equity) purpose is? It's to make money for the private equity investors. That's it. Plain and simple. If it means shipping jobs overseas, closing the plant down and pawning the pensions off on the taxpayers (that's you and me by the way), as long as it makes money for the private equity investors, that's just fine.

Venture capital is what you're thinking of. Bain Capital has done some venture capital deals, but they are not the same thing as a leveraged buyout (private equity) investment. Leveraged buyout heaps debt on the company, charges large fees and then, if the company can't survive the additional debt and fees, breaks it up and sells it off.

Let's say you're running a horse boarding and training business. An LBO comes in and increases your debt by 50% and slaps a management fee on you. No real other change. Are you going to be able to make it with a larger debt to pay off and additional fees?

Nov. 4, 2012, 01:29 PM

Bluey

Yep, I know, ever heard of T. Boone Pickens?

Nov. 4, 2012, 01:59 PM

cloudyandcallie

Quote:

Originally Posted by Bluey

Yep, I know, ever heard of T. Boone Pickens?

Yes, but t. Boone's corporate raiding is tempered now by his marriage to Madeline, who happens to be a horsewoman. And rich in her own right. She is the widow of the guy who bought and made Gulfstream Air into a major, and still booming company. And the owner of Cigar. Allen Paulsen's widow has done a lot for horses. And she has influence over T. Boone.
Whatever happened to his scheme for windmills?

Nov. 4, 2012, 02:15 PM

Bluey

Quote:

Originally Posted by cloudyandcallie

Yes, but t. Boone's corporate raiding is tempered now by his marriage to Madeline, who happens to be a horsewoman. And rich in her own right. She is the widow of the guy who bought and made Gulfstream Air into a major, and still booming company. And the owner of Cigar. Allen Paulsen's widow has done a lot for horses. And she has influence over T. Boone.
Whatever happened to his scheme for windmills?

The rumor is that his big deal in Canada fell thru, lost a ton on that.
He had to hold off on the huge wind turbine deal he was promoting, so it is on hold right now.
Have not heard much about him lately, but he is getting up in age and I expect energy for much new stuff, with already so much to manage.

Nov. 4, 2012, 02:24 PM

fish

Quote:

Originally Posted by hosspuller

Lawyers are better as president ?? Lawyers have a place... Just not as executives.

Really? So you think John Quincy Adams, Thomas Jefferson, Abe Lincoln, FDR, Woodrow Wilson, Bill Clinton, James Madison... all shouldn't have been president because, as lawyers, they had no place as executives ???

Nov. 4, 2012, 02:48 PM

luvmytbs

Quote:

Originally Posted by hosspuller

Are you a manufacturer or run one? Yet you are 100% certain the same items can be sold for even a small profit.

No, I am in Corporate Finance. I know the drill to increase profits and reduce expenses. It is the #1 goal to those in charge because "we need to keep the share holders happy".

I am not opposed to profits, however, when you reduce the work force (employees) you are also shrinking 'your' consumer base in the long run.
And that just isn't good math.

Nov. 4, 2012, 02:50 PM

Noms

Romney has a degree from Harvard Law and Harvard Business schools.

Nov. 4, 2012, 02:56 PM

Beentheredonethat

Quote:

Originally Posted by hosspuller

Lawyers are better as president ?? Lawyers have a place... Just not as executives.

True, but we don't have a choice now. Obama and Romney both graduated from Harvard with a law degree.

What working background WOULD make the best president? Not being sarcastic, but seriously? Seems right now a kindergarden teacher used to making a bnch of out of control children get it together ight be in order.

Nov. 4, 2012, 03:06 PM

Noms

Quote:

Originally Posted by pezk

The corp wasn't going bankrupt until Bain bought it and stripped it.
It was doing quite well before Bain.

There is such a misunderstanding of Bain capital and its activities. Funny.

How about a little perspective, shall we...

The total amount of investment of Private Equity firm Bain Capital $66 BILLION.

Total amount of Federal budget in each year Obama was in office approx $3.5 TRILLION.

Nov. 4, 2012, 03:15 PM

Beentheredonethat

I'm sorry. Can you explain what the investment of Bain Capital has to do with the federal budget?

Nov. 4, 2012, 03:16 PM

stolen virtue

Quote:

Originally Posted by luvmytbs

No, I am in Corporate Finance. I know the drill to increase profits and reduce expenses. It is the #1 goal to those in charge because "we need to keep the share holders happy".

I am not opposed to profits, however, when you reduce the work force (employees) you are also shrinking 'your' consumers base in the long run.
And that just isn't good math.

Yes, I just spent another 7 hour day in the office without pay to watch training modules. I can only charge my time to projects that I work on, however, I am REQUIRED to take training modules, that is the "corporate policy" on my own time. However, the corporate managers do not charge any time to projects, they are all overhead.......corporate structure gotta love it. And if you have no billable time, you go home and if you still don't have any billable work you become "zero hour employees" where you have NO benefits and only work when you have billable work. Our profits are at an all-time high.

So what will the CEO in chief do for states that are not creating wealth ? Cut them off from federal programs ? Make them exit the union ? Corporate experience has nothing to do with managing the government. I cannot believe people think running the country is even similiar to running a corporation.

Nov. 4, 2012, 03:18 PM

Noms

Quote:

Originally Posted by Beentheredonethat

I'm sorry. Can you explain what the investment of Bain Capital has to do with the federal budget?

You are right, it has absolutely NOTHING to do with the federal budget, however so many people try to bring Bain Capital into the argument about why Romney should not be Prez. AND the arguements about Bain are totally FALSE to begin with.

Nov. 4, 2012, 03:21 PM

Beentheredonethat

OK. Good. I wasn't getting that.

I bring in Bain capital, as I said before, because I don't think making a lot of money makes you a good businessman, or president. It also brings in a LOT of morality issues. What arguments do you think are false?

Nov. 4, 2012, 03:21 PM

Noms

This is the beginning of a trend in response to Obamacare.

Darden will begin to implement a policy in 2013 to deal with Obamcare mandates. Their new employees will not be hired as fulltime employees, they will be part timers. This is a new trend to get around the mandates of Obamacare.

The restaurant business is just beginning to start this trend in hiring. But others will surely follow.

I bring in Bain capital, as I said before, because I don't think making a lot of money makes you a good businessman, or president. It also brings in a LOT of morality issues. What arguments do you think are false?

Hold on, why do you think making a lot of money has morality issues?

Nov. 4, 2012, 03:35 PM

Beentheredonethat

I think making a lot of money by shipping all of the jobs from an Illinois town to make MORE money is immoral when you could have kept it here and not made quite so much.

I think making a lot of money because you secretly got $10 million from the auto bailout that you lambasted Obama for giving is immoral.

I've posted these links repeatedly.

You can't think of other examples where people make a lot of money and it's very immoral? Drug dealers? Prostitution rings? Pornography, or child pornography if you're OK with the regular. I could give a LONG list of ways to make a ton of money that everyone would agree is seriously immoral to somewhat immoral.

Nov. 4, 2012, 03:40 PM

Noms

Quote:

Originally Posted by Beentheredonethat

I think making a lot of money by shipping all of the jobs from an Illinois town to make MORE money is immoral when you could have kept it here and not made quite so much.

I think making a lot of money because you secretly got $10 million from the auto bailout that you lambasted Obama for giving is immoral.

I've posted these links repeatedly.

You can't think of other examples where people make a lot of money and it's very immoral? Drug dealers? Prostitution rings? Pornography, or child pornography if you're OK with the regular. I could give a LONG list of ways to make a ton of money that everyone would agree is seriously immoral to somewhat immoral.

Wow, you really dont see that those things you list at the bottom or your post are ILLEGAL? Well and the other things you list are just flat out wrong.